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General Real Estate Investing

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Russell Bonds
  • Real Estate Broker
  • Chicago, IL
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Just got paid to purchase a 4 unit in Posen, IL

Russell Bonds
  • Real Estate Broker
  • Chicago, IL
Posted May 15 2022, 15:18

*Closing Day* I closed on a 4-unit building and got PAID to BUY this cash flowing asset. I structure the deal to walk away with $5,000 and now i’m the owner of a 4-unit🏢.

I was my own real estate agent and insurance agent on the deal. The attorneys involved in the transaction were surprised how I was able to pull this off but I did a lot of research and preparation for this day.

Thanks to the team at @veteransunited for financing this deal. Also huge thanks to @attyreynoldslaw for their expertise in real estate law and helping me along the way!!

I’ll be posting more on this deal breaking down the structure of it, commission splits, and my plans with real estate. 1st major deal for Golden Heights Holdings!!

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Rod Hanks
Pro Member
  • Insurance Agent
  • Dallas, TX
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559
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Rod Hanks
Pro Member
  • Insurance Agent
  • Dallas, TX
Replied May 15 2022, 16:00
Quote from @Russell Bonds:

*Closing Day* I closed on a 4-unit building and got PAID to BUY this cash flowing asset. I structure the deal to walk away with $5,000 and now i’m the owner of a 4-unit🏢.

I was my own real estate agent and insurance agent on the deal. The attorneys involved in the transaction were surprised how I was able to pull this off but I did a lot of research and preparation for this day.

Thanks to the team at @veteransunited for financing this deal. Also huge thanks to @attyreynoldslaw for their expertise in real estate law and helping me along the way!!

I’ll be posting more on this deal breaking down the structure of it, commission splits, and my plans with real estate. 1st major deal for Golden Heights Holdings!!


 Congratulations on your first deal of many more to come!

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Replied May 16 2022, 08:58

Congratulations! That is awesome!

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